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Mar 18, 2013
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so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put people back to work. >> yes, and make the sorts of investments that will get people to work today, take a look at pre-k. you are not only employing a lot more full-time teachers but at the same time you are investing in future workers. >> bill: how can it be that you have got -- again, the dough -- these new record highs, corporate profits record high financial institutions are back on their feet and making as much money as they made before and maybe even more so where is all of the money going? >> corporations have been sitting on a lot of funds. so t
so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put...
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Mar 21, 2013
03/13
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and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax cuts when he came in as president, but i would say to his credit, he realized they went too far so he reversed course and supported two income tax increases. well, in looking back just 12 years ago, president george w. bush's tax cuts also went too far. again, contributing to the largest deficit in our history. well, you'd think that we would want to reverse course, but republicans have dogmatically refused to reverse course on these -- on increasing revenues. they stick to their ideological man travment they say, don't touc
and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax...
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Mar 23, 2013
03/13
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we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that
we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is...
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Mar 22, 2013
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our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has ascended to number one has fallen off, gotten knocked off. so it's really just a wide-open thing here this year, and really 20 teams have a legitimate chance of this. >> shepard: 20. incredible. i wonder what your sense is for what makes a difference. i always thought an older, experienced back court that handles the ball well is what you need in the tournament. but there's more to it than that, of course. >> it's changed so much. used to be these guys would stick together four years. now it's one and done, so it's usually the best player who has the best chance. the problem here this year is the
our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has...
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Mar 20, 2013
03/13
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our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's a stark difference to the majority's proposal which will not be implemented and they know it. let me start with an observation. headline blunt report says g.o.p. needs to regroup for 2016. in that there is this sentence from the report, not from a democrat, not from the newspaper, not from an editorial writer, quote, we have become expert, we being the republican party report, we have become expert in how to provide ideological reinforcement to like-minded people. with all due respect to my friend, mr. ryan, that's what his budget is. it is a vision. it is a vision that will
our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's...
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Mar 22, 2013
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creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000 tax cut -- would get a 200,000 todollar tax curt. t. host: a tweet -- is true.at if you looked at the budget, we have not had in the great increase in spending since obama took office except the that the food stamps and unemployment insurance. except in food stamps and unemployment insurance. programs we have enacted that are designed to increase during recessions like unemployment andrance and food stamps some money comes into the economy so the recession does not turn into a depression. the large deficits occur beca
creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000...
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Mar 19, 2013
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the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast that a bit. our responsible approach to what the senate democrats have done, for example. next year alone the senate democrat budget increases spending by $162 billion above what we are spending today. over 10 years, increases the delebt by $7.3 trillion from today's levels despite a massive tax hike that they have. and it adds $1.5 trillion in new taxes. even after that, they still add to the debt, our kids' debt by $7.3 trillion. and again, mr. chair, it never balances. after four years and $6 trillion in debt since a budget was last even passed, the senate democrats' proposal leaves more debt a
the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast...
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Mar 19, 2013
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 21, 2013
03/13
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we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the we
we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan...
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Mar 19, 2013
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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Mar 21, 2013
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we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the deficit since the immobilization after world war ii, it is an inhibiting growth and the economy. i will vote against the sequester. i think we have done what we need to do with debt. we have the deficit down to a managing level. it will continue to come down. the caucus budget will bring it down further. right now, our crisis is jobs. we still have an eight -- we still have a 8% unemployment rate. if we got the people back to work, and our budget will create amillion jobs, if you have five percent unemployment rate by doing nothi
we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the...
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Mar 20, 2013
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yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a direct reflection of who we are as americans. we need to start talking about his in a bipartisan way. need to shelf the idea of dismantling medicare and strengthening medicare, making it more secure so it is there not only for today's seniors, but it is there for the generation. that it is there for our children and grandchildren. it is a system that works extremely well. yes, we have to talk about the costs of health care. we have to address the costs of health care. but medicare isn't the problem. medicare works extremely well. ask any senio
yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a...
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Mar 20, 2013
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the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee. defense is cut by an additional quarter of a trillion dollars. a cut by an additional quarter of a trillion dollars over the sequester cuts we already had and over the reductions the defense department voluntarily took upon itself during the last budget process. i come before this body before, mr. chairman, and encouraged this body in a bipartisan fashion to look to the defense department as possible ways to save money. under the belief there must be some money in the defense department that can be saved in a responsible fashion. what the senate has done goes so far beyond
the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee....
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Mar 24, 2013
03/13
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the best deficit-reduction program is a growing economy and strangely if you see the debate in washington today very little is about economic growth and a lot of it is about what my dad would say, eat your broccoli. it's about the austerity. it's about the toughest things that have to get done. don't get me wrong but they are much easier to get done in the context of high sustained growth where jobs are being created and are of purpose and value for people to be able to pursue their dreams. i have three suggestions i don't think our that partisan. they are not necessarily ideological that if we pause and say we will have the food fight on all the other stuff and there's good things to fight it out, trust me, the we could get to the point that we could have high year sustained growth one would be to create a patriotic policy based on american ingenuity and innovation and north american resources. second, reform the immigration system and move towards something that would be part of the high growth economic strategy true to our heritage, respecting the rules law but moving it to the 21st ce
the best deficit-reduction program is a growing economy and strangely if you see the debate in washington today very little is about economic growth and a lot of it is about what my dad would say, eat your broccoli. it's about the austerity. it's about the toughest things that have to get done. don't get me wrong but they are much easier to get done in the context of high sustained growth where jobs are being created and are of purpose and value for people to be able to pursue their dreams. i...
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Mar 25, 2013
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when we think about debt and deficits, there are two kinds of deficits. those are those that invest in human capital or infrastructure or invest in education and there are those who do not. which endanger our future by adding to the national debt, and this war deficit was the second kind. my third point that i am passionate about, a lot it's difficult for many people to be passionate about accounting. i'm passionate about the lack of war accounting. one of the purposes of our book, and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability doesn't appear anywhere on the national balance sheet. we did not account for the value of the 6,6057 lives lost in afghanistan. that's just the troops, not civilians or contractors. except for a small amount of life insurance money even though civilian government agencies estimate the value of life at $1.7 million. so epa would
when we think about debt and deficits, there are two kinds of deficits. those are those that invest in human capital or infrastructure or invest in education and there are those who do not. which endanger our future by adding to the national debt, and this war deficit was the second kind. my third point that i am passionate about, a lot it's difficult for many people to be passionate about accounting. i'm passionate about the lack of war accounting. one of the purposes of our book, and the...
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Mar 23, 2013
03/13
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they decided to cut costs as the chicago public school system faces a reported billion dollar deficit. alderman willie cochran's ward, constituents have been calling all day. >> some cases we are happy, in some cases we are not so happy. >> reporter: on the plus side, the district says the savings will allow major investments in surviving schools including adding 70 libraries, science labs, even air conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. the decisions were based on low enrollment but others say race made a role. an outraged carrie austin, an alderman, told "the chicago tribune," quote, every time the whites go to screaming and hollering, they back off and steam roll over black and brown folks. not this time. and she's not the only one who believes that. you think it's the black communities that often are asked to sacrifice first? >> in this case, yes, i do. yes, i do. >> reporter: this is 70th street in the heart of the city's south side and this is the local elementary school. parents are
they decided to cut costs as the chicago public school system faces a reported billion dollar deficit. alderman willie cochran's ward, constituents have been calling all day. >> some cases we are happy, in some cases we are not so happy. >> reporter: on the plus side, the district says the savings will allow major investments in surviving schools including adding 70 libraries, science labs, even air conditioning. for many it's not what's gained but what's lost and where....
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Mar 25, 2013
03/13
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>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to get ahead of it now. if you look what happened in europe awe -- asaying your benefits are being cut tomorrow. >> but you've got to -- >> let me finish the point! not five or ten years from now, next month, your benefit is get slashed. if you do not get ahead of this that is what awe sistusterity l like now. >> i think what is he saying, though, if you stimulate the economy and provide jobs and infrastructure it will put resources into the system because you will be creating taxpayers and you'll be making it more solvent to deal with these problems. i think that is where the disagreement is. >> i had a really incit
>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to...
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Mar 18, 2013
03/13
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you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >> all right. moving on to washington now. >> a lot nicer setting. >> president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party, including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there, by the way, is a chance on a deal. i know the president is saying the ri
you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >>...
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Mar 22, 2013
03/13
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it calls for tax revenue to help reduce the deficit. it calls for more spending. we are in the funny process where today, we will wrap up beforehand 50 hours of debate and start the unlimited amendment process. any issue that you have heard complaints about, we might see votes on today. droneld be stuff like strikes against u.s. citizens, it could be taxes and repealing healthcare. the point to remember, this is adding on to a budget resolution. it is interesting and it may give people clues as to what appetites there are in the senate to pass or repeal certain elements of policy. host: the headline says the senate is poised to pass a budget. do you expect it to pass? guest: we do expect it to pass. behink the democrats will able to control the process and get it to pass. they have a small window. you would need vice president biden to come down and break the tie. the significance is, this is the result -- there is a lot of pent up frustration on the republican side. that is why we might see a late night tonight and into the morning. once it is passed, i think a l
it calls for tax revenue to help reduce the deficit. it calls for more spending. we are in the funny process where today, we will wrap up beforehand 50 hours of debate and start the unlimited amendment process. any issue that you have heard complaints about, we might see votes on today. droneld be stuff like strikes against u.s. citizens, it could be taxes and repealing healthcare. the point to remember, this is adding on to a budget resolution. it is interesting and it may give people clues as...
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Mar 20, 2013
03/13
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we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest: let government. what the house of representatives is about. written to president obama and respectfully have sked him to really justify and give us the information about the asis upon which -- legal basis -- the use of drones is engaged in as a result of efforts. we are waiting for the response from them on that. think it is important we ask any president questions as members of congress, it is our responsibility to do that and to personally continue to do that. i think that it president has image changed america's and role in the world and is phenomenal job. but that doesn't mean i won't exerci
we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest:...
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Mar 23, 2013
03/13
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it's designed to cut costs as the school system faces a reported $1 billion deficit. ward constituents have been calling all day. >> some cases we're happy, some not so happy. >> reporter: on the plus side, the savings will allow major investments in surviving schools including adding 70 libraries, science labs and even air-conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. school officials say it was based on low enrollments, but others say race played a role. an alderman told the "chicago tribune," every time the whites get to scheming and hollering, they back off and steam roll. not this time. she's
it's designed to cut costs as the school system faces a reported $1 billion deficit. ward constituents have been calling all day. >> some cases we're happy, some not so happy. >> reporter: on the plus side, the savings will allow major investments in surviving schools including adding 70 libraries, science labs and even air-conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. school officials say it...
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Mar 18, 2013
03/13
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during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. but not just by shifting the burden to seniors and disabled as the republicans propose in their fantasy budget. my home state of oregon is the middle of an exciting demonstration of how to squeeze out the waste we all know is there and realign incentives. instead of the empty ritual of pretending to repeal obamacare, let's work together to accelerate reform for all americans. if the oregon
during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are...
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Mar 21, 2013
03/13
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because, you know, there's kind of a trust deficit here now. if i was living in spain or italy, i might be thinking about putting my money someplace aside from a shaky bank right now. >> reporter: so the trust deficit stems from the original proposal was that they should tax not just uninsured deposits, but also insured deposits. imagine if you were living in the united states and even though we have fdic insurance up to $250,000, you were told that actually you're not going to get all $250,000 of your dollars, they were going to take a piece of that. that was the earlier proposal from earlier this week and that's what they thought would worry the italians and the span yards that they didn't even have insurance protection like they thought they did. that proposal has since been voted down, gone away. the banking situation here is unique compared to italy and spain. it's just so much bigger, it's not really comparable. >> thank you so much, michelle, we greatly appreciate it. and thank you, rona, we appreciate it as well. i think we learned some
because, you know, there's kind of a trust deficit here now. if i was living in spain or italy, i might be thinking about putting my money someplace aside from a shaky bank right now. >> reporter: so the trust deficit stems from the original proposal was that they should tax not just uninsured deposits, but also insured deposits. imagine if you were living in the united states and even though we have fdic insurance up to $250,000, you were told that actually you're not going to get all...
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Mar 23, 2013
03/13
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buildings including 53 schools targeted foreclosu clos designed to cut costs as they face a billion dollar deficit. in alderman willy cochran's word constituents have been calling all day. >> some cases we're happy. some cases we're not so happy. >> on the plus side the district says the savings will allow major investments in surviving schools including adding 70 libraries, science labs, even air conditioning, but for many it is not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. school officials say the decisions were based on low enrollments and others say race played a role and outraged kerry austin, an alderman from the far south side told the chicago tribune, quote, every time they scream and holler they back off and steam roll over black and brown folks, not this time. she is not the only one who believes that. >> you think it is the black communities that often are asked to sacrifice first? >> in this case, yes, i do. yes, i do. >> this is 70th street in the heart of the city's south side and this is the logical elementary school. par
buildings including 53 schools targeted foreclosu clos designed to cut costs as they face a billion dollar deficit. in alderman willy cochran's word constituents have been calling all day. >> some cases we're happy. some cases we're not so happy. >> on the plus side the district says the savings will allow major investments in surviving schools including adding 70 libraries, science labs, even air conditioning, but for many it is not what's gained but what's lost and where....
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Mar 22, 2013
03/13
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. >> neither rain, nor sleet senator snow nor deficit. no word this morning, saturday mail delivery is back on. >>> and 911 shocker. >> can you tell can you tell me by tapping on the phone once that do not open the door. >> 911, where is your image? >> the frightening moments and amazing end. live on the cnn newsroom. >>> good morning, thank you for joining us. i'm carol costello. three people dead at the marine base in quantico. the base is in lockdown, law enforcement surrounded the building. >> the shooter, an active duty marine, was pronounced dead of an apparent self-inflicted gunshot wound by law enforcement at the scene. two other victims, a male and female, both active duty marines, were pronounced dead at the scene. the three marines involved in this incident, all permanent personnel assigned to officer candidate school. all of the candidates in the school are accounted for and safe. >> the base is used mostly for training and it's known as crossroads of the marine corps. we will have a live report at the bottom hour. >>> also fo
. >> neither rain, nor sleet senator snow nor deficit. no word this morning, saturday mail delivery is back on. >>> and 911 shocker. >> can you tell can you tell me by tapping on the phone once that do not open the door. >> 911, where is your image? >> the frightening moments and amazing end. live on the cnn newsroom. >>> good morning, thank you for joining us. i'm carol costello. three people dead at the marine base in quantico. the base is in...
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Mar 23, 2013
03/13
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, president obama got re-elected by promising a tax increase on high-income americans to reduce the deficit. so now, finally, senate democrats feel that they can go ahead and echo that position. that's change. >> an narc the president is expected to release the white house budget in april. what kind of compromises, if any, can we expect to see there? >> i think he is going to kind of come up and say the same things that he has been saying. we will look at the changes he will make to the entitlement program. the republicans saying they will not raise tax and what the democrats might do on entitlement reforms if they can find any kind of common ground that would be possible there. >> bill schneider, anna palmer, stick around. we would like to come back to you later in the hour, if that's okay with you. >> sure. >> thanks. >>> could bill clinton be talking out of both sides of his mouth? the report that suggests escorting two candidates for the same office. we will talk about that. >>> first though, kristen cinema is here, very excited about being here. we just had a 15-minute conversation to
, president obama got re-elected by promising a tax increase on high-income americans to reduce the deficit. so now, finally, senate democrats feel that they can go ahead and echo that position. that's change. >> an narc the president is expected to release the white house budget in april. what kind of compromises, if any, can we expect to see there? >> i think he is going to kind of come up and say the same things that he has been saying. we will look at the changes he will make to...
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Mar 24, 2013
03/13
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new taxes, modest cuts in government spending but leaves the government with $566 billion in annual deficits over the next ten years. the house plan balances the budget by 2023 with big cuts in domestic spending and major changes to medicare and the tax code. charlie rangel, new york's most famous congressman, is here with me. former chair of the house ways and means committee. start with the chasm between the two plans. is there room for compromise at all between the senate and house plan? >> the major difference is that, obama and most of the country that voted for him really thinks that a time of recession that we're coming out of it that we should be creating jobs and not laying off people just with cuts. that is the difference. the major difference between the senate and the house. republicans say no taxes, no money, no investment. well, that's absolutely ridiculous. in order to get people back to work and having disposable income, you've got to invest in education, the infrastructure, the bridges and the tunnels. there's no money in the republican, because they say that we're taking ca
new taxes, modest cuts in government spending but leaves the government with $566 billion in annual deficits over the next ten years. the house plan balances the budget by 2023 with big cuts in domestic spending and major changes to medicare and the tax code. charlie rangel, new york's most famous congressman, is here with me. former chair of the house ways and means committee. start with the chasm between the two plans. is there room for compromise at all between the senate and house plan?...
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Mar 26, 2013
03/13
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FOXNEWSW
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why do we keep spending and how can we trim the deficit? tom shaft is head of citizens against waste. good morning, tom. when you see those kinds of numbers going up and up. what does it do to your blood pressure? >> mine fortunately stays steady otherwise i wouldn't be able to talk about it all the time. >> gretchen: what are the areas we wanted to focus on, real estate, these buildings the government spend money on? >> there are 55,000 that cost $1.7 billion a year to maintain. any other organization would go out and sell them. the problem in washington is that the system to sell buildings is the exactly reverse what it should be. >> gretchen: meaning? >> the first priority was the federal building is to see if any other federal agency wants it. there is already 55,000 vacant buildings. so the inventory is too large. next it goes to state and local government choices. then to homeless shelter use and finally it can be put up to sale. it should start to the sale to the private sector or some other entity rather than waiting until everybody
why do we keep spending and how can we trim the deficit? tom shaft is head of citizens against waste. good morning, tom. when you see those kinds of numbers going up and up. what does it do to your blood pressure? >> mine fortunately stays steady otherwise i wouldn't be able to talk about it all the time. >> gretchen: what are the areas we wanted to focus on, real estate, these buildings the government spend money on? >> there are 55,000 that cost $1.7 billion a year to...
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Mar 25, 2013
03/13
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you think about the deficit, the government doesn't have this kind of cash and people are concerned this isn't necessarily the best use of taxpayer money. in the video, you saw a second ago, people are dressed up as crew members on a starship enterprise, and the government employee version of characters claiming they will boldly go where no government employees have ever gone before. it is funny. but i watched the videos with my producer and we were trying to to figure out the training value and people have similar questions. >> i have been since corrected and am about to burst into a fit of giggles and i inappropriately said it is "gilligan's island," not whatever i said. what is the irs saying about this in. >> they came up with this statement saying it is -- i'm quoting now, no mistaking this video does not reflect the best stewardship of resources, and that video of this type will not be made today. so the irs does say training gener videos in general are cheaper. that would involve some travel. >> okay. zain asher, thank you. >>> honeymoons, they are the icing on the cake after a we
you think about the deficit, the government doesn't have this kind of cash and people are concerned this isn't necessarily the best use of taxpayer money. in the video, you saw a second ago, people are dressed up as crew members on a starship enterprise, and the government employee version of characters claiming they will boldly go where no government employees have ever gone before. it is funny. but i watched the videos with my producer and we were trying to to figure out the training value...
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Mar 24, 2013
03/13
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surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday. >>> on tuesday night the sacramento city counsel will consider throwing up a last- second shot to keep the kings from leaving town. the city has struck a daily to build a new $448 million downtown arena, and it would be the largest redevelopment project in sacramento history with up to a million and a half square feet of offices housing shops and a hotel. the city would pay $258 million with most of the money coming from the sale of bonds supported by parking revenues. >> that's part of revitalizing our downtown. that's part of completing the rest of k street. that's part of adding additional businesses t
surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday....
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Mar 25, 2013
03/13
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CSPAN2
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the information exists, but the lack of a communication ability to translate that is a significant deficit. for highly uncommon events such as an asteroid fly-by, there's simply no established communication mechanism. i believe our flight operations team learned of da-14 when they received a courtesy call from a colleague at the aerospace corporation. last year the commercial satellite industry participated in dod's war games designed to exercise dod thinking about the deployment of its terrestrial and space assets in response to a conflict situation. last year those games concluded, as they have several times in the past, that dod relies on commercial satellite companies -- their reliance is considerable and that a crisis is the wrong time to try to establish clear lines of communication with your major partners and suppliers. i suspect the same conclusion can be safely applied to the topics that we're discussing today. while governments were first to send satellites to near-earth space, commercial enterprise will be the primary use of the orbital arc in the 21st century. government and s
the information exists, but the lack of a communication ability to translate that is a significant deficit. for highly uncommon events such as an asteroid fly-by, there's simply no established communication mechanism. i believe our flight operations team learned of da-14 when they received a courtesy call from a colleague at the aerospace corporation. last year the commercial satellite industry participated in dod's war games designed to exercise dod thinking about the deployment of its...
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Mar 21, 2013
03/13
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KDTV
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le esperan las mismas disputas con los republicanos sobre migraciÓn, y tambiÉn sobre cÓmo reducir el dÉficit federal. >>> y conÉctese a univisiÓn para ti como para estar bien informado. >>> ahora vamos con mÁs de despierta amÉrica, buenos dÍas. >>> (♪). >>> (cantan). >>> quÉ. >>> probando el micrÓfono. >>> se oye. >>> aquÍ andamos. >>> de que se enteraron. >>> despuÉs de estar una larga temporada en italia cubriendo todo lo referente al nombramiento del nuevo papÁ pa marÍa antonieta collins llegÓ de italia y solo nuestros cÁmarass la esperan en sclus va. >>> allÍ se encontrÓ con su hija antonieta que estaba esperan dio y esto fue lo que nos dijo. >>> ver. >>> llegando de roma. >>> cansados un viaje largo, pero felices de estar en casa. en un rato mÁs estamos en despierta amÉrica. pero me voy, me cambio de ropa, y ahÍ nos vemos. >>> ay!, no sÉ por ¿quÉ?. >>> ay! mamita. >>> hola. >>> ¿cÓmo estÁs??. >>> pero mira cÓmo se pone. >>> ¿cÓmo estÁs? mamita. >>> quÉ lindo. >>> claro. >>> el perro quÉ lindo. >>> quÉ show no que la perrita te reciba de esta manera. >>>l
le esperan las mismas disputas con los republicanos sobre migraciÓn, y tambiÉn sobre cÓmo reducir el dÉficit federal. >>> y conÉctese a univisiÓn para ti como para estar bien informado. >>> ahora vamos con mÁs de despierta amÉrica, buenos dÍas. >>> (♪). >>> (cantan). >>> quÉ. >>> probando el micrÓfono. >>> se oye. >>> aquÍ andamos. >>> de que se enteraron. >>> despuÉs de estar una larga...
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Mar 22, 2013
03/13
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KNTV
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public official schools plan to close the 54 schools in an effort to make a dent in a $1 billion budget deficit, make better use of resources and improve overall education here in the nation's third largest school district. >> i don't think it's going to be good for my kids. >> reporter: the news of the school closings continues to ripple across chicago this morning. >> i'm, just don't know where they're going to go. >> reporter: mayor rahm emmanuel says the closures are necessary after too much money was being spent on maintaining underutilized school buildings saying "by consolidating these schools, chicago public schools can focus on safely getting every child into a better performing school. like school systems in new york and philadelphia, where schools are being closed, chicago must make tough choices." a number of teachers may lose their jobs as a result of the closings. karen lewis. of the teachers' union lashed out at emmanuel. >> our mayor, who is away on a ski trip, drops this information right before spring break. it's the ultimate bullying job. mayor rahm emmanuel should be ashamed
public official schools plan to close the 54 schools in an effort to make a dent in a $1 billion budget deficit, make better use of resources and improve overall education here in the nation's third largest school district. >> i don't think it's going to be good for my kids. >> reporter: the news of the school closings continues to ripple across chicago this morning. >> i'm, just don't know where they're going to go. >> reporter: mayor rahm emmanuel says the closures are...
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Mar 23, 2013
03/13
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this amendment is deficit neutral. it will not add one penny to our deficit. it helps to create room in the budget for legislation to help military families in areas ranging from health care to housing and from education to job placement while their loved ones are serving our country away from home. a vote for this amendment is a vote for our military families, for the sons, daughters, husbands, wives and families who sacrifice for this nation right alongside -- the presiding officer: the senate will be in order. mr. sessions: mr. president, the senate is not in order. the presiding officer: the senate will be in order. the senator from north carolina. mrs. hagan: mr. president, i would like to call up amendment number 278. the presiding officer: the clerk will report. the clerk: the senator from north carolina, mrs. hagan, proposes an amendment numbered 278. mrs. hagan: and, mr. president, i ask my colleagues to consider that our military families serve this nation, they just don't do it in uniform. thank you, mr. president. mr. sessions: mr. president? the p
this amendment is deficit neutral. it will not add one penny to our deficit. it helps to create room in the budget for legislation to help military families in areas ranging from health care to housing and from education to job placement while their loved ones are serving our country away from home. a vote for this amendment is a vote for our military families, for the sons, daughters, husbands, wives and families who sacrifice for this nation right alongside -- the presiding officer: the...